Liquid restaking protocols like Ether.Fi are designed to reuse Ethereum's proof-of-stake blockchain to secure other networks and protocols, and have quickly become one of the hottest types of projects in crypto.
Ether.Fi, the biggest among a fast-growing new breed of blockchain projects known as "liquid restaking protocols," will have its new token ETHERFI offered next week on crypto exchange Binance's Launchpool.
Binance made the announcement on its website, adding that the exchange would be the first to list the token.
Users will be able to stake their BNB and FDUSD into separate pools to farm ETHFI tokens over four days," with farming starting at 00:00 UTC on March 14, Binance said. "Binance will then list ETHFI at 12:00 UTC on March 18." Trading pairs will be available in ETHFI versus bitcoin (BTC), stablecoin (USDT) and BNB TOKEN, among others
According to the post, there will be a maximum token supply of 1 billion ETHFI, and Launchpool token rewards of 20 million, or 2% of the max token supply.
The initial circulating supply will be 115.2 million, or 11.5%.
